White Gold: It’s a no Brainer

Bob Moriarty
Archives
Nov 5, 2024

After months of new record high prices for gold day after day, the market woke up to reality last week when Newmont reported poor results. We have started a correction in my view. It’s that time of the year when investors start thinking about dumping their losers into Tax Loss Silly Season running from now until just before Christmas. I think the process could run into January but we needed a correction and we seem to have it.

So, I’ve been looking for the low hanging fruit. With all the stupidity in the world and teetering on the edge of WW III, gold is both an investment and an insurance policy against financial chaos at the same time.

I wrote about White Gold (WGO-V) a number of times in the past. It’s a simple story, famed exploration geologist Shawn Ryan put together a package of his Yukon properties and started White Gold about eight years ago. The company has progressed but the share price is a tiny fraction of what it was in 2017. Lately all the Yukon stocks got hammered when the Eagle property owned by Victoria Gold had a tailings pile problem back in June of 2024. The company was put into receivership in August.

I think the problem was overstated. Yes there was a technical issue that caused a landslide but it almost certainly will turn out to be an engineering issue rather than a management team out of control. I frankly liked the management a lot but shit happens in life.

The Yukon had just started to wake up when the collapse took place. Victoria Gold was financed and in production. Snowline had made some magnificent progress in three short years moving from $.46 to $6.40 with a resource of 7.6 million ounces of gold. Banyan Gold run by the incredible and talented Tara Christie shows right at 7 million ounces selling for under $7 an ounce in USD. Sitka Gold has a 1.34-million-ounce resource with similar grades to Snowline but the Sitka deposit was never glaciated so could contain even more gold than Snowline.

In the midst of the area yet pretty much ignored by the retail public is White Gold. Someone came up with an interesting chart recently that I want to show. Of the top twenty gold mining projects in Canada White Gold has the 6th highest grade in projects with over the magic two-million-ounce resource. Grade is king in mining. The Treaty Creek deposit of Tudor Gold reports a 26-million-ounce gold resource but below a gram per tonne. White Gold only has just over two million ounces but 150% higher price per ounce of gold.

White Gold has two serious majors as partners. They will get taken out one day and the only big question is if it is Kinross that takes them out with their 13.4% ownership or Agnico Eagle with their 19.9% share. White Gold will get taken out at a higher price, perhaps much higher. The majors have been consuming their young and will so start doing deals with juniors.

Inflation is heating up as are the geopolitical tensions in the world. Gold touched $2800 recently but it’s going to go a lot higher in the near future.

White Gold is a zero brainer.

White Gold is an advertiser and I bought shares in the open market. Do your own due diligence.

White Gold Corp
WGO-V $.255 (Nov 04, 2024) 
WHGOF-OTCBB 176 million shares 
White Gold website

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Bob Moriarty
President: 321gold
Archives

321gold Ltd